Consolidating Credit Card Debt - Be Fair Uncle Sam is Watching

Posted by Elanora Kelly

December 3, 2009

Getting behind in your bills can involve a debt collector contacting you. Sometimes, you would feel insecure as thoughts of maltreatment or abusive behavior from the collector cross your mind. To protect you, the Federal Trade Commission (FTC), America’s consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA) that prohibits debt collectors from using unfair and deceptive practices to collect from you.

Under this Act, debt collectors are those who collect debts from others. They could be collection agencies, lawyers who collect debts on a regular basis, and companies that buy debts and then try to collect them.

The Act covers personal, family and household debts, as well as money owed on a personal credit card account, auto loan, medical bill and mortgage. It does not include debts incurred to facilitate a business.

This Act restricts the way of contacting debt collectors. They may not get in touch with you at inconvenient places or times, say before eight in the morning or after nine at night, unless you agree to it. They might also not reach you at work unless you’ve been informed either orally or in writing.

After getting the facts to rights from the collector, and you decide that you don’t would like to have another encounter, it is of course possible to make him stop talking to you thru writing. Make a copy of your letter and send the first by authorized mail. Pay for a “return receipt” so you can record what the collector received. Once received, the collector may not contact you again, with two exceptions : he may tell you that no further contacts shall be made or that the opposing party means to take an action, like filing court action. This can not eradicate your debt, but should suffice stop the contact.

If you employed a solicitor to represent the debt, the collector must contact the attorney and not you. Otherwise, they may contact people only once simply to get your location, telephone number and any important details.

If you believe that you do not owe anything or at least not all the cash, they must stop touching base with you provided that you make a response to their mail inside thirty days after invoice of notice. they can get in touch with you if they send you a corroboration notice of the bill.

Debt collectors aren’t permitted to make fake statements, annoy or perpetrate prejudiced practices on the customer. If you experience any issues with a debt collector, report them to the state solicitor General’s Office and the Fed Trade Commission. Debt collection laws may change from state to state, so your lawyer General’s Office will help you identify your rights under your country’s law.

Learn more about consolidating credit card debt. Stop by Elanora Kelly’s site where you can find out all about irs debt relief and what it can do for you.

Credit Card

Tags:Credit Card
Technorati Tags:Credit Card

If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments

No comments yet.

Ebay Deals on Credit Card

[CaRP] Can't open cache file.

Credit Card

Vintage Silk Scarf, (260A)
4 Aug 2010 at 9:14am
US $7.97 (1 Bid)
End Date: Monday Aug-09-2010 7:14:46 PDT
Bid now | Add to watch list

200 Chrome Tire Valve Caps
11 Apr 2010 at 9:09am
US $29.95
End Date: Monday Aug-09-2010 7:14:46 PDT
Buy It Now for only: US $29.95
Buy it now | Add to watch list

GOLD PLATED Bridal Kundan Necklace set with Earring
2 Aug 2010 at 9:14am
US $12.98 (0 Bid)
End Date: Monday Aug-09-2010 7:14:46 PDT
Bid now | Add to watch list

01 02 FORD EXPLORER ANTI-LOCK BRAKE PART
11 May 2010 at 9:09am
US $85.00
End Date: Monday Aug-09-2010 7:14:46 PDT
Buy It Now for only: US $85.00
Buy it now | Add to watch list

99 00 01 02 SILVERADO 1500 WINDSHIELD WIPER MTR
10 Jun 2010 at 9:09am
US $35.00
End Date: Monday Aug-09-2010 7:14:46 PDT
Buy It Now for only: US $35.00
Buy it now | Add to watch list